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Economic Times
9 hours ago
- Business
- Economic Times
Sacheerome IPO opens today: Check GMP, price band and other details
The IPO is being offered in a price band of Rs 96 to Rs 102 per share. The minimum lot size is 1,200 shares, translating into an investment of Rs 1,22,400 for retail investors. Sacheerome's IPO opens on June 9, aiming to raise Rs 61.62 crore through a fresh issue of equity shares, with listing on NSE SME platform tentatively set for June 16. The company, specializing in fragrances and flavors, plans to utilize the IPO proceeds for a new manufacturing facility and general corporate purposes, following a year of revenue growth and profitability. Tired of too many ads? Remove Ads About the company Tired of too many ads? Remove Ads Financial performance IPO proceeds and utilization The initial public offering (IPO) of Sacheerome opens for subscription on June 9 and will remain open until June 11. The SME issue aims to raise Rs 61.62 crore through a fresh issue of 60.41 lakh equity shares . The shares will be listed on the NSE SME platform, with a tentative listing date set for June IPO is being offered in a price band of Rs 96 to Rs 102 per share. The minimum lot size is 1,200 shares, translating into an investment of Rs 1,22,400 for retail investors GYR Capital Advisors is the book-running lead manager to the issue, while MUFG Intime India (Link Intime) is the in 1992, Sacheerome is engaged in the design and manufacturing of fragrances and flavors . Its product range includes cosmetic fragrances, industrial fragrances, perfumes, food additives, and flavoring company caters to various industries including personal care, home care, air care, pet care, men's grooming, beverages, bakery, confectionery, dairy, and health & exports its products to the Middle East (UAE) and African markets. As of September 2024, the company employed 153 has posted steady growth in revenue and profitability. For the financial year ending March 2025, the company reported revenue of Rs 108.13 crore and a net profit of Rs 15.98 crore, reflecting a 50% growth in profit compared to the previous company plans to use the IPO proceeds to set up a new manufacturing facility in Gautam Buddha Nagar, Uttar Pradesh, and for general corporate its strong R&D capabilities, experienced management team, and efficient sourcing, Sacheerome aims to strengthen its position in the competitive fragrances and flavors market. Investors will be watching closely as the IPO opens today to gauge market sentiment.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
05-05-2025
- Business
- Time of India
Srigee DLM IPO: Check GMP, price band, issue size and other details
Srigee DLM is set to launch its initial public offering (IPO) on May 5, 2025, aiming to raise Rs 16.98 crore through a fresh issue of 17.15 lakh shares. The IPO will close on May 7. Srigee DLM raised Rs 4.8 crore from anchor investors, with a total allotment of 4.84 lakh shares. The company plans to use the IPO proceeds to set up a new manufacturing facility in Greater Noida (Ecotech-10) and acquire advanced machinery. These expansion efforts are aimed at improving product diversity, cost efficiency, and delivery timelines, especially in high-margin segments like electronics and electrical assemblies. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Choose the eco-friendly cloud storage solution and get 25GB of free storage. Degree Online | Search Ads Learn More Undo The issue is being managed by GYR Capital Advisors, while Bigshare Services is the registrar. Globalworth Securities is the market maker. Play Video Play Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 30:33 Loaded : 0.27% 00:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 30:33 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The allotment is expected to be finalized on May 8, with shares credited to demat accounts by May 9. The company is likely to list on the BSE SME platform on May 12. Srigee DLM IPO price band Live Events The company has set a price band of Rs 94 to Rs 99 per share, with a minimum lot size of 1,200 shares, requiring a retail investment of Rs 1.18 lakh at the upper end. Srigee DLM IPO: Check GMP on Day 1 The Grey Market Premium (GMP) for Srigee DLM IPO is yet to be reported, but investor interest is expected to build given the company's manufacturing focus and expansion plans. About Srigee DLM Srigee DLM is a design-led manufacturing company engaged in plastic injection moulding, tool and die manufacturing, mobile phone sub-assembly, and polymer trading. It supplies to top OEMs across consumer durables, automotive, and electronics sectors. Financials Srigee DLM has posted steady growth in both top and bottom lines. For FY24, revenue stood at Rs 54.65 crore, and net profit rose to Rs 3.1 crore. For the nine-month period ending December 2024, PAT improved further to Rs 3.77 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
